What is Jackpot?
Jackpot Basement Bar operates as a no-frills, low-lit establishment in Washington, D.C.'s Chinatown district. It offers a diverse selection of beers, whiskeys, and cocktails, appealing to a local demographic. The bar is known for its daily happy hour, running from 4 PM to 8 PM, and caters exclusively to patrons aged 21 and over, maintaining late operating hours.
How much funding has Jackpot raised?
Jackpot has raised a total of $96K across 1 funding round:
Debt
$96K
Debt (2021): $96K with participation from PPP
Key Investors in Jackpot
PPP
Public-Private Partnership
What's next for Jackpot?
With the recent acquisition of substantial expansion capital, Jackpot is poised for a significant scaling of its operations. This investment, occurring at what appears to be a Series B/C stage, suggests a strategic move towards broader market penetration or enhanced service offerings. The company's focus on a neighborhood clientele and its established happy hour indicate a solid foundation for leveraging this new financing to further solidify its market position and potentially explore new locations or service models.
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